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  1. #1
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by BB_Cooper View Post
    A "No Stacking UCC" includes specific language in the filed UCC's description of collateral that alerts other future creditors of the 1st funder's contract with the merchant prohibiting the sale of any additional future receivables-
    I have never heard of a NO STACKING UCC

    how does this differ from a regular ucc and what makes anyone think that people will listen and not stack. Most stackers dont even do a UCC search all hey do is look at the bank account and see who is taking payments and see if they think they can get in and out before the business goes under. They dont care about the positions in front of them so why would they care about the UCC filed
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
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    Email: john@horizonfundinggroup.com

  2. #2
    Senior Member Reputation points: 2496
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    Quote Originally Posted by J.Celifarco View Post
    I have never heard of a NO STACKING UCC

    how does this differ from a regular ucc and what makes anyone think that people will listen and not stack. Most stackers dont even do a UCC search all hey do is look at the bank account and see who is taking payments and see if they think they can get in and out before the business goes under. They dont care about the positions in front of them so why would they care about the UCC filed
    That is true for most. But believe it or not SOS does care about our merchants. We do stack but the MOST important factor to us is that the merchant stays in business even when we are done with them. We are providing financing to HELP not hurt the merchants.
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

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